Get credit card rewards to work in your favor
The heavy competition in the credit card segment has fueled credit card issuers to come up with numerous rewards to lure newer customers and retain old ones. Though most of the rewards can work to the benefit of consumers, most of them are unaware of how to get it to work for them. With the rewards getting bigger and better with each passing day, understanding how to make the most of it can work in favor of consumers.
While signing up for the card, ensure you find out from the banks about redeeming rewards. Understand the various options available before hand so you can be prepared when you need the rewards the most. If you are planning on a road trip with your friends, amassing points on your card to redeem for free fuel can save you a significant amount of money that you can splurge for other things on the trip.
Use cash back rewards cards for wedding shopping since you can get back a part of the amount spent that can be put to other use. Not only will this reduce the debt on the credit card, it will also give you better value for every dollar spent.
Banks are coming up with innovative rewards for using credit cards for almost all your payments. Customers who used their cards for making tax payments were offered better reward points or gift certificates. Keep a track of your usage to claim loyalty bonus points after a certain amount of time.
Latest Credit Card Rewards News
Starting July 1, holders of Chase Freedom® credit cards can earn 5% cash back for purchases in special Q3 2020 bonus categories. The new quarter favors eligible Chase customers with enhanced rewards on Whole Foods Market and Amazon.com purchases. Chase states that all Whole Foods Market purchases made before October 1 will qualify for 5% […]
The coronavirus pandemic has affected everyone. Many people were to remain without earnings. To support people, many banks have developed relief programs and offer customers, for example, defer payments, temporarily reduce interest, increase credit limits, etc. American Express don’t stand aside either. But in addition to the Financial Hardship Program, the issuer also decided to […]
Capital One keeps adding new rewards redemption options to its travel credit cards. To be more precise, holders of Venture and Spark credit cards can now transfer accumulated miles to even more loyalty programs. Surprisingly, new transfer partners are not airlines, as it could be expected, but large hotel chains AccorHotels and Wyndham Hotels & […]
When the new year is on the way, everyone wants to not only resume the previous one but also draw up new plans and resolutions. This applies to your credit card rewards as well. If you are a happy owner of a cashback credit card with rotating quarterly categories, you probably were looking forward to December to find out what the issuer would prepare for you this time and where you could get more benefits.
This month, Capital One added an important extra redemption option for some of its credit cards. Such an introduction will surely appeal to lovers of shopping at online stores, and, more precisely, at Amazon.com. Yes, now owners of most Capital One credit cards get the opportunity to spend the rewards they earn on millions of Amazon items (except the restricted ones) due to a new partnership!